Short at the end?

posted 2 years ago in Money
  • poll: Near the end (one month before or so) how short (or over) were you?
    We had extra money! : (7 votes)
    44 %
    We hit the budget exactly. : (0 votes)
    We were short by $0-$500 : (0 votes)
    We were short by $501-$1000 : (0 votes)
    We were short by $1001-$2000 : (0 votes)
    We were short by $2001-$4000 : (2 votes)
    13 %
    We were short by $4001-$8000 : (0 votes)
    We were short by $8001+ : (0 votes)
    We had no budget! : (7 votes)
    44 %
  • Post # 2
    Member
    2878 posts
    Sugar bee

    Nobody likes to admit they had to take credit or had to empty all their savings for a wedding or honeymoon, I guess. In an ideal world, you souldn’t have to rely on credit to pay for your expenses if you come short. In practice ? You bet I’ll put that extra 1 or 2K on my credit card or line of credit if, after a year of careful spending and stressful planning, I fall a bit short. I won’t cancel the whole thing and I deserve a vacation. The interest I’ll pay is minimal compared to the money I’ll lose if I just cancel the whole thing. The only issue is to make sure the amount you need can be paid off in a reasonable timeframe.

    Post # 3
    Member
    1473 posts
    Bumble bee

    We were lucky. We managed to save up everything we needed in the year we were engaged, and didn’t even have to touch our other savings. We spent every penny of what we saved up though, including the minimum balance we needed in our savings account.

    But we still had our personal savings account that we didn’t touch (which was quite a bit), so I voted that we had extra money.  

    Post # 4
    Member
    6073 posts
    Bee Keeper
    • Wedding: August 2012

    renwoman:  You might get some cash as wedding gifts which can help with the honeymoon.  Or you could take a much smaller honeymoon, and pocket the savings just in case the emergency fund was depleted.  It was be sad to run into an emergency with zero money in the bank.

     

    We actually had $12k saved for a big guested wedding and then that was cancelled (my father was dying and did pass away sadly 44 days before the day).

     

    Plan B ended up being less expensive (a private elopement in anther country along with an 11 day vacation), so we came out ahead financially speaking I guess.  I know that’s not a typical scenario though.

    • This reply was modified 2 years, 4 months ago by  sienna76.
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